Pacific LNG Terminal (Colombia)
|This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.|
Pacific LNG Terminal, also known as the Buenaventura FSRU Import Terminal, is a proposed floating LNG import terminal in Colombia.
- Owner: Government of Colombia
- Location: Bay of Buenaventura, Colombia
- Coordinates: 3.895046, -77.068010 (approximate)
- Status: Proposed
- Type: Import
- Start Year: 2023
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
In November 2018, the Colombian government announced a plan to launch a tender for an FSRU to be located in the Bay of Buenaventura, on the Pacific coast. The FSRU would become the second import terminal in Colombia and would commence operations at the end of 2023. The selection of the winner is expected in mid-2019.
In July 2020, the government relaunched the tender process for the FSRU and the related Buenaventura-Yumbo Gas Pipeline, which will connect the facility to Yumbo, Valle del Cauca in the south-west of the country. The terminal and the pipeline together are estimated to cost US$700 million and the rationale for the project is that Colombia is expected to see increased gas consumption in the coming years. In the new tender timetable, a single bidder for construction and operation of both the FSRU and the pipeline is to be agreed by March 2021 and the facilities would be operational by late 2023/early 2024.
Opponents of the Pacific LNG terminal project have objected to its completion on various grounds, including environmental concerns about bringing Qmax ships into the protected waters of Buenaventura Bay, logistical concerns about the terminal's proximity to military installations on Isla Naval, and economic concerns related to the high cost of imported natural gas.
Articles and resources
- GIIGNL World Report 2019 GIIGNL, accessed August 5, 2019
- "Colombia relaunches bid process for Pacific LNG import terminal," Shearman and Sterling, Jul. 15, 2020
- "Los pecados que lleva a cuestas la regasificadora del Pacífico". Portafolio. February 4, 2020.